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GEICO Avoids Class Action Over Totaled Vehicle Payouts in New Jersey
A federal judge has declined to approve a class action lawsuit accusing GEICO of underpaying losses for totaled vehicles in New Jersey. The court declined to approve the class after concluding that individual issues outweighed the commonality of...
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AI Data Centers Are on Track to Fuel ‘Explosive’ Growth in Captive Insurance
A form of self-insurance often associated with mining, oil and other environmentally risky sectors is quietly transforming the market for physical-risk coverage, thanks to the rise of mega AI data centers. Captives — whereby firms sidestep...
